Paul and Olivia filed a joint tax return and reported modified AGI of $142,000. They have two
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Paul and Olivia filed a joint tax return and reported modified AGI of $142,000. They have two qualifying children, ages 7 and 9, for the purposes of the child tax credit. What is the amount of their child tax credit? What is the amount of their credit if their modified AGI is $167,000? What is the amount of their credit if their modified AGI is $432,000?
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With a modified AGI of 142000 Paul and Olivia are entitled to a 3000 tax credit fo...View the full answer
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Related Book For 
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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